fairesLeben
A law tech firm that assists their customers in establishing fair terms in financially significant matters and empower them to enforce their rights against seemingly stronger contractual counterparts.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| investor | €0.0 | round | |
* | €100k Valuation: €7.0m | Seed | |
| Total Funding | 000k | ||
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fairesLeben ABC GmbH is a legal-tech firm established in June 2020 with the objective of enhancing access to the Austrian legal system. The company was founded by Thaddäus Leutzendorff, who serves as the CEO. His upbringing with four older siblings instilled in him a strong sense of justice, which became a foundational principle for the company. Karin Hirsch holds the position of COO.
The company operates as a process financier, assisting clients in recovering money that was overpaid or lost in situations where it is legally permissible to do so. Its business model is centered on a portfolio of specialized online platforms, each targeting a specific area of legal recourse. The firm primarily generates revenue through success-based commissions on the funds recovered for its clients. For certain B2B services, it also offers subscription-based models for legal professionals.
fairesLeben's services are delivered through several distinct brands. 'fairesSpiel' helps individuals reclaim losses from unlicensed online casinos, a service that has expanded into the German market. 'faireMiete' focuses on assisting tenants in older buildings to reduce their rent to legally appropriate levels. 'fairesNetz' provides a platform for reporting and acting against online hate speech and harassment by connecting affected individuals with legal partners who can issue warnings, file criminal complaints, or seek compensation. This service is aimed at public figures such as athletes, influencers, and politicians. Additional platforms include 'fairesRecht', which serves as a marketplace connecting clients with lawyers; 'faireDaten' for seeking compensation for data leaks; 'fairesGaming' for recovering payments for in-game loot boxes; and 'fairesTrading' for victims of online trading fraud. The company itself does not offer legal advice but facilitates the connection to partner lawyers and litigation financiers.
Since its inception, fairesLeben has secured multiple rounds of funding. After a financing round in August 2021, the company received over half a million euros in February 2022 from existing investors, including KK Incube Invest, and a new angel investor, reaching a valuation of over seven million euros. By May 2024, the company had completed its fifth pre-seed funding round, securing a six-figure investment to further develop its 'fairesNetz' platform.
Keywords: legal tech, process financing, consumer rights, online gambling recovery, rent reduction, hate speech reporting, legal services marketplace, data breach compensation, gaming loot box refunds, trading fraud recovery, Thaddäus Leutzendorff, Austrian startup, access to justice, fairesSpiel, faireMiete, fairesNetz, fairesRecht, faireDaten, fairesGaming, fairesTrading, litigation finance, consumer protection, legal claims